The Chief Executive of Stablecoin -Emittent Tether says it is now one of the biggest holders of American treasury in the world, and notes that Stablecoins will give hundreds of millions of people access to the US dollar.
In a new interview with CNBC Television, Tether CEO Paolo Ardoino out That if the company were its own country, it would be the 18th biggest holder of American treasury in the world.
“Well, in 2024, Tether was the fourth largest buyer of American treasury boxes. And if we were a country, I mean, we now compare ourselves with countries, and as an overall statistics, birth will be the 18th largest holder of American treasury.
We have around $ 125 billion in American treasury. We acquire that that part of our reserve is increasing … We think that the process is also in line with the brilliant action, so we are very enthusiastic to see a Stablecoin Bill that offers clear guidance. ”
American treasury are debt obligations supported by the US Department of Finance that vary in maturation data and pay interest every six months. They are considered investments with low risk due to the government support.
Ardoino also notes that the US dollar is still the safest currency in the world, and adds that USDT will bring more than 400 million people.
“By far the American dollar is the safest Fiat -currency in the world … Between Bitcoin and Stablecoins they will make America stronger, and I think that is the most important point of the [current] Administration. With Stablecoins we bring the US dollar to 420 million people around emerging markets. ”
https://www.youtube.com/watch?v=J3J0KME4_YE
Follow us on X” Facebook And Telegram
Don’t miss a beat – Subscribe to get e -mail notifications directly to your inbox
Check price promotion
Surf the Daily Hodl -Mix
Generated image: midjourney